Tenet Fintech Group Inc. reports developments for a fintech and artificial intelligence analytics business centered on the Cubeler Business Development Platform. The company owns and operates Cubeler, a platform that uses analytics and AI to support business-development activity and B2B transactions among members, with products and services directed to businesses, capital markets professionals, government agencies and financial institutions.
Recurring company updates include financial results, operating highlights, Cubeler platform enhancements, data-standardization tools, referral relationships, subsidiary activity and shareholder-meeting matters. Tenet news also includes governance, shareholder communications, legal developments and Canadian continuous-disclosure matters, including Ontario Securities Commission cease-trade and disclosure-review updates.
Tenet Fintech Group has enhanced its Cubeler® Business Hub platform by introducing free bookkeeping automation software from Dext Software This offering is available to SME owners who register their businesses and bookkeepers who bring their SME clients to the platform. The initiative complements existing Business Hub services including networking, advertising, insights, and financing. The company aims to accelerate SME registrations through this offer, particularly to support the launch of its ie-Pulse macroeconomic index data plans before the end of 2024, with a focus on gathering sufficient SME data for sectors like retail.
Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) reported its Q3 2024 financial results with revenue of $205,582, down from $9,244,460 in Q3 2023. The company recorded total expenses of $24,897,807, including an expected credit loss provision of $18,715,423 due to paused activities in China during its revenue model transition. The quarter resulted in a net loss of $24,692,225. The company announced the beta launch of its Cubeler Business Hub's Networking and Advertising modules, preparing for the commercial launch of its first data-driven ie-Pulse product in Q4 2024.
Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) and Dext Software have formed a strategic two-year partnership to integrate Dext's bookkeeping automation software into the Cubeler Business Hub. The partnership will provide Hub members access to Dext's automation platform, featuring tools like Approvals, Supplier Statements, and Mileage. Tenet gains a seat on Dext's North American Partner Advisory Council. This collaboration aims to enhance real-time financial data collection for SMEs, supporting Tenet's Tenoris3 subsidiary in creating more frequent macroeconomic indicator indexes. The partnership also strengthens Tenet's relationship with the Certified Professional Bookkeepers of Canada and their 2,200+ members.
Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) has launched the full versions of Networking and Advertising modules for its Cubeler® Business Hub, following their beta release on October 9, 2024. The update includes enhanced security features and improvements to the platform's Financing module. Members can now access industry-specific message boards, run targeted advertising campaigns using Cubeler Points™, and receive pre-qualified credit offers from commercial partners. Key features include regional message boards, private messaging, customizable ad campaigns with analytics, and a simplified credit product system with five main offerings.
Tenet Fintech Group (CSE: PKK) (OTCQB: PKKFF) announces its participation in the 12th edition of Strategies PME event in Montreal. The company's VP of Marketing, Luc Godard, will present on SME growth strategies on November 20th, 2024. The two-day event at Montreal's Convention Center is expected to draw over 6,000 visitors from various industries.
The event aims to support Quebec-based SME owners and entrepreneurs by connecting them with field experts, offering advice on management and business expansion. Tenet will maintain a presence at booth 207 throughout the event, showcasing their Cubeler Business Hub and its capabilities for business growth and opportunity exploration.
Tenet Fintech Group (CSE: PKK) (OTC Pink: PKKFF) has received approval for its common shares to begin trading on the OTCQB Venture Market in the United States starting November 7, 2024, under the symbol 'PKKFF'. The company will maintain its listing on the Canadian Securities Exchange under 'PKK'. This strategic move aims to provide better access to U.S. investors, enhance shareholder liquidity, and ensure fair security valuation. The OTCQB listing will enable Tenet to reach a broader network of U.S. investors while providing them access to the same quality information available to Canadian investors through U.S.-based platforms.
Tenet Fintech Group has appointed Liang Qiu as Head of Global Development for its Cubeler Business Hub. The company is preparing for a widescale deployment of new advertising and networking modules in Canada in November 2024, following their beta launch. Mr. Qiu, while maintaining his role as CEO of Tenet's Chinese operations, will work with CTO Claude Theroux to transform the Business Hub from separate platforms into a unified global business network. The initiative aims to connect Chinese and Canadian SMEs, with plans to expand to U.S.-based businesses in Q4 2024. Qiu will focus on platform features and data regulations in China, while Theroux will oversee infrastructure, scalability, and security.
Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) has released beta versions of the networking and advertising modules of its Cubeler® Business Hub to a select group of existing clients. This 'soft launch' allows members to test new functionalities and provide feedback before a planned Canada-wide release later this month. Participants will receive 1,000 Cubeler Points, redeemable for market intelligence reports, additional features, or advertising campaigns on the platform.
Tenet CEO Johnson Joseph emphasized the importance of this step, stating that these new features will bring the Business Hub to life and set the foundation for its global expansion. The networking and advertising capabilities are expected to enable members to explore business opportunities and promote their products and services effectively.
Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) has successfully closed a non-brokered private placement financing, raising gross proceeds of $3,907,500. The company sold 39,075,000 units at $0.10 per unit to accredited investors. Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at $0.20 for 36 months. The warrants include an accelerated expiry clause if the stock price maintains $0.30 or higher for 10 consecutive trading days after 12 months. Tenet plans to use the funds for commercializing its ie-Pulse product, settling old accounts payables, and working capital purposes.
Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) has appointed Dr. George Krucik to its Board of Directors. Dr. Krucik, a Silicon Valley veteran with nearly 40 years of experience, brings expertise in medicine, computer science, and AI. He is the founder and CTO of iTreatMD, an AI-powered Electronic Medical Record platform. Dr. Krucik's appointment aligns with Tenet's increased focus on AI, data analysis, and U.S. expansion.
Dr. Krucik will contribute to the development of Tenet's Equity Insider product, which aims to infer public company financial results before they are officially released. He replaces Mr. Sanjay Sharma on the Board, who resigned to reduce his workload and spend more time with family.